Republic of the Philippines
MUNICIPALITY OF VILLASIS
Pangasinan
GENERAL FUND 100
STATEMENT OF INCOME AND EXPENSES
For the Period Ended December 31, 2008
TAX REVENUE
	Local Taxes							P      10,447,921.91
GENERAL INCOME ACCOUNT
	Permit and Licenses					P     1,733,403.32
	Service Income					1,885,223.01
	Business Income					15,797,705.40
	Other Income					56,369,550.53		75,785,882.26
TOTAL INCOME								P      86,233,804.17
EXPENSES
PERSONNEL SERVICES
	Salaries and Wages					P   16,721,851.63
	Other Compensation					9,725,559.10
	Personnel Benefits Contributions					2,214,583.90
	Other Personnel Benefits					4,435,902.61		P      33,097,897.24
MAINTENANCE AND OTHER OPERATING EXPENSES
	Traveling and Training Expenses					P     1,726,342.74
	Supplies and Material Expenses					11,670,361.26
	Utility Expenses					1,705,234.16
	Communication Expenses					133,474.34
	Awards and Indemnities					406,597.64
	Advertising Expenses					183,657.89
	Rent Expenses					125,800.00
	Representation Expenses					18,683.00
	Subscription Expenses					35,367.00
	Professional Services					637,895.00
	Repair and Maintenance					3,382,330.58
	Insurance Premiums and Other Fees					144,970.12
	Depreciation					3,896,010.05
	Other Maintenance and Operating Expenses					15,676,357.40
	Confidential Expenses					572,756.00
	Financial Expenses					614,885.53
TOTAL MAINTENANCE AND OPERATING EXPENSES								40,930,722.71
TOTAL EXPENSES (PS & MOOE)								P      74,028,619.95
Income before Subsidies, Donations and Extraordinary Items								P      12,205,184.22
	Less:
		Subsidy to Local Government Units						P             63,000.00
		Donations						1,199,078.00
NET INCOME								P      10,943,106.22